Credit Identity Theft?

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2010-11-01 15:24:19
2010-11-01 15:24:19

One of the fastest grown crimes that is spreading across the country is credit identity theft. Due to the prevalence of credit cards and bank accounts combined with the ease of finding out personal information, credit identity theft is a serious issue that everyone needs to consider. Each year, millions of people fall victim to credit identity theft. If your credit identity gets stolen, it can take years to clear your good name and to make sure that your credit has been restored.

Typically, criminals start credit identity theft by stealing a person’s social security number, personal information, and name. From there, the thief can apply for credit cards, loans, and more. A thief can rent apartments in your name or obtain a mortgage. Many times it takes months for the victim to realize what has happened to them. At first, they may not notice since the thief may start small and their credit limit may still be intact. Eventually, as the false credit cards get maxed out and payments have not been made, creditors will start to call your house, demanding payment for past due bills. You may also start to get harassing calls from bill collectors. If you start to receive bills and phone calls about charges you know you have not made, you may very well be the victim of credit identity theft.

A thief can also commit credit identity theft by stealing the number of your credit card. Many times, victims have their credit card numbers stolen online. In a common scheme, a thief will send an email to a person pretending to be an agent of the bank. They will typically ask you for your account information in order to verify it. Never give out your credit card information to anyone on the computer or on the phone. Legitimate banks will already know your information and will not need to ask. Also, sometimes thieves will place skimmers at ATM machines or other machines that accept credit cards. Skimmers are devices that have the ability to read the information off of a credit card and relay it back to the thief. With this information, thieves can create fake credit cards that are linked to your bank account.

If you are the victim of credit identity theft, it’s important to realize it as soon as possible before too much damage is done. Always keep a close eye on your credit report. Also, make sure you shred any documents that have personal information on them before throwing them into the trash. When using credit card machines, check to make sure that there are no strange devices attached to the terminal. Most importantly, never give out your personal or bank information to anyone.

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A well-known identity theft program is Life Lock. They offer packages to protect your credit cards from identity theft along with other services such as tracking your credit score.


Identity theft can affect your credit without your knowledge~APEX :)


Your credit score is in danger of being affected in negative ways in case of identity theft and it would take time to remove any fraudulent purchases from your record. If your identity has been stolen in a fraudulent act, you should ask the credit bureaus to place a "fraud alert" on your record. For identity theft, you can ask the credit bureau to send you two copies of your of your credit report. They should be sent to you free after you have sent in a police report on the identity theft.


Identity theft in most cases involves the perpetrator abusing your credit for their own gains. You can find more information at www.justice.gov or www.ftc.gov


Identity theft can have a seriously negative impact on your credit. When thieves steal your identity, they are likely to try to open a new line of credit in your name. If they succeed, they can make purchases with that card, and you will be responsible for the charges. Even if you dispute the charges, the unpaid bills will be reflected in your credit report. Unfortunately, cleaning up a credit report after an incident of identity theft can be a long and costly process.


True credit is a program which shows you your current credit rating. It can also show if there has been any attemps at identity theft attached to your own credit rating to stop identity theft.


You don't, that is considered identity theft.


All major credit card companies provide identity theft protection. I head Master Card is excellent in that department.


Identify theft is a serious problem and everyone is encouraged to keep track of their credit report because of it. Identity theft can dramatically lower your credit score, making it impossible for you to purchase a home or car.


Everyone is at risk for identity theft however people with the highest wealth and excellent credit ratings are often the target of such actions.


I have been a victim of identity theft. My credit card was used to make a purchase on the Internet while the card was still in my possession.


To report identity theft of credit cards you should do it as soon as you possibly can. First inform the company who you have your credit card with as well as your bank and loan companies. You should also inform your local police department.


Yes, I am sorry to say that your credit report will be effected by purchases made during an identity theft. You can however, consult with your credit agency to get those negative reports removed. You will need proof that you had an incident with identity theft to do so. If you had a lawyer invovled with this issue then he/she should be able to handle that issue for you.


Identity theft is a growing problem in the United States. Identity protection plans are available from a few sources. First you can try your bank or credit union. Several banks offer identity theft programs. Your second source is your credit card company. If you are worried about more than just your bank accounts and credit cards you may want to go with a more global identity theft protection plan. These are available from Lifelock, Protect My ID and Identity Guard.


Identity fraud is when someone hacks into your computer, uses your credit cards, and steals personal information. (etc). Identity theft is actually stealing your identity to use credit cards (etc.), or perform crimes and you're the fall guy (hacks into a bank using your computer, or uses your name for some crime).


LifeLockInc. (NYSE:LOCK) is an American identity theft protection company based in Tempe, Arizona. The company offers LifeLock identity theft protection system - intended to detect fraudulent applications for various credit and non-credit related services. Lifelock provides a $1 million guarantee in the event of identity theft.



It's a very good idea to take out identity theft protection especially on credit cards. You will not be billed for any purchases if your identity is stolen and the insurance will monitor any unusual activity.


To avoid identity theft you can not share your computer, credit card or bank information like PINS and passwords with anyone, and cross shred all documents.


There are absolutely ways to protect your identity from theft - it's the fastest growing crime in America and with paying attention to who you give your credit card info to as well as carrying a security wallet to watching your credit report you can protect yourself.


Immediately report the identity theft to the local police, and keep a copy of the police report as evidence; Immediately call each of the three credit bureaus (see Table 1) and request credit reviews


There is plenty of good advice on how to get to proper protection from identity theft. It is very recommended that a person create strong passwords and to change them frequently. It is also recommended for a person to check their credit score. Another smart thing to do is to have an account with a company such as Experian. These types of companies offer full identity theft and credit protection.


Experian is a credit reporting and credit scoring company. You can get your credit score and report as well as monitoring, credit file disclosure, and identity theft protection.


A lawyer that specializes in identity theft. It costs money to get it done, or you could wait 7 years for it to fall off your credit report.


Identity theft fraud is best reported to the police, who will file a report and begin investigation. It is useful to contact credit card companies and freeze any accounts to prevent credit cards or bank accounts from being accessed.



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